The state's refusal to engage with bondholders risks keeping Lebanon out of the funding markets, draining its remaining reserves as creditors seek redress

High inflation and low productivity are but two of the concerns being voiced by Iranian media outlets about the state of the country's economy, as it enters a new year.

The depth of anger at the government is back on show after a stop to fuel subsidies sparked fresh protests. This comes amid an ongoing economic crisis that has no end in sight.

Circular 165 is, at first glance, a technical note on procedure from the embattled central bank. But its proposals to attract dollars will have immediate and far-reaching consequences.